Aussie central bank gets US$8.8 billion from government

Infusion to strengthen the bank’s financial position.

The one-off grant will improve the Reserve Bank of Australia's capacity to conduct its monetary policy and foreign exchange processes.

Treasurer Joe Hockey said Glenn Stevens, governor of the Reserve Bank, has written him indicating that the Reserve Bank Board believes it would be appropriate for the Reserve Bank Reserve Fund to be increased to 15% of the bank's assets at risk.

Analysts said this injection of funds strengthens the Reserve Bank's ability to perform its core monetary policy and foreign exchange functions in an environment of heightened financial market volatility.

Australia's financial system depends on the financial strength of the Reserve Bank and the credibility of its monetary policy and foreign exchange operations.

Also Read

Mizuho expands mid-term finance emission targets

China’s investment banking fees drop 25% in 9M 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit